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Stima Investment Co-operative Society partners with Rafiki Microfinance Bank to finance its members to invest in homes.

The partnership ensures members and non-members of Stima Investment who wish to buy houses and plots sold by the co-operative have easy access to cash.

“Our partnership with Stima Investment Co-operative Society provides an opportunity for its members and non-members to access credit facilities that will promote home acquisition as well as construction,” read a statement from Rafiki Microfinance Bank.

Rafiki is setting aside Sh300 million for the partnership. Stima Investment has a membership of over 30,000 members.

Sale of houses and plots by the investment arm of the sacco is likely to result in an influx of new members to the parent sacco as they seek to get discounted prices and loan rates offered to members. An influx could strain a sacco’s liquidity levels.

Stima Sacco has been aggressively seeking new members by diversifying its products offering. It has increased its membership and asset base to move up the ranking ladder to position three from fifth two years ago.

Last month, it entered into a partnership with Family Bank for its customers to use the bank’s 80 branches to access cash. The sacco is building 1,500 housing units for its members at an estimated cost of Sh4 billion...Read More

Stima Investment Cooperative Society commissioned its first residential housing project in Syokimau, Machakos County

Stima Investment Cooperative Society has handed over its first residential housing project in Syokimau, Machakos County. Christened Stima Village, the residential housing project comes ahead of the society’s commercial projects, which include Stima Plaza and Stima Mall, which are nearing completion. The project, located 3.5km off the Mombasa-Nairobi highway, comprises a total of 76 maisonettes - 35 three-bedroom units and 41 four-bedroom ones. Speaking during the ceremony, Stima Investment Co-operative Society Chairman Sigilai Kirui said that their next residential project will be on Kangundo Road in Machakos County. “We are planning to start another residential estate worth Sh1.2 billion and will consist of 470 two- and three-bedroom low-cost maisonettes and apartments to be known as Stima Plains on 20 acres at Malaa on Kangundo Road,” said Kirui...Read more

Stima Investment Cooperative Society has handed over its first residential housing project in Syokimau, Machakos County. Christened Stima Village, the residential housing project comes ahead of the society’s commercial projects, which include Stima Plaza and Stima Mall, which are nearing completion. The project, located 3.5km off the Mombasa-Nairobi highway, comprises a total of 76 maisonettes - 35 three-bedroom units and 41 four-bedroom ones. Speaking during the ceremony, Stima Investment Co-operative Society Chairman Sigilai Kirui said that their next residential project will be on Kangundo Road in Machakos County. “We are planning to start another residential estate worth Sh1.2 billion and will consist of 470 two- and three-bedroom low-cost maisonettes and apartments to be known as Stima Plains on 20 acres at Malaa on Kangundo Road,” said Kirui
Read more at: http://www.standardmedia.co.ke/lifestyle/article/2000128431/sacco-hands-over-houses-in-stima-village-project
Stima Investment Cooperative Society has handed over its first residential housing project in Syokimau, Machakos County. Christened Stima Village, the residential housing project comes ahead of the society’s commercial projects, which include Stima Plaza and Stima Mall, which are nearing completion. The project, located 3.5km off the Mombasa-Nairobi highway, comprises a total of 76 maisonettes - 35 three-bedroom units and 41 four-bedroom ones. Speaking during the ceremony, Stima Investment Co-operative Society Chairman Sigilai Kirui said that their next residential project will be on Kangundo Road in Machakos County. “We are planning to start another residential estate worth Sh1.2 billion and will consist of 470 two- and three-bedroom low-cost maisonettes and apartments to be known as Stima Plains on 20 acres at Malaa on Kangundo Road,” said Kirui
Read more at: http://www.standardmedia.co.ke/lifestyle/article/2000128431/sacco-hands-over-houses-in-stima-village-project

Stima Investment Co-operative Society has signed loan agreement with Shelter Afrique to co-finance the development of a housing estate at Syokimau for sale. The Sh395 million loan will go into the construction of houses and related infrastructure at the development dubbed Stima Village, according to Shelter Afrique.

Stima Investments broke the ground in July for actual construction. The housing units, which sit of a five-acre plot, add up to 76 luxury maisonettes of which 40 are three-bedroom and 36 four-bedroom. Provisional prices for the houses have been pegged at Sh9.2 million and Sh9.85 million for the two- and three-bedroom units respectively.

Land prices in Syokimau have shot up after the dualling of Mombasa Road and the ongoing construction of a commuter rail network, with a terminus being built at the neighbourhood. Stima Investments was registered in 2005 with one of the objectives being to invest in real estate both for rental and sale to members and the public.

The co-op has engaged in various projects in the past such as developing the Stima Investments Plaza whose expansion was completed in June 2011. The fully occupied commercial building is its main income earner. Besides real estate development, the co-operative society engages in buying bulk land across the country, subdividing and selling it off to its membership of over 4,000.

- See more at: http://www.the-star.co.ke/news/article-5310/stima-investments-loan-deal-housing#sthash.VkWHMIc2.dpuf

Stima Investment Co-operative Society has signed loan agreement with Shelter Afrique to co-finance the development of a housing estate at Syokimau for sale. The Sh395 million loan will go into the construction of houses and related infrastructure at the development dubbed Stima Village, according to Shelter Afrique.

Stima Investments broke the ground in July for actual construction. The housing units, which sit of a five-acre plot, add up to 76 luxury maisonettes of which 40 are three-bedroom and 36 four-bedroom. Provisional prices for the houses have been pegged at Sh9.2 million and Sh9.85 million for the two- and three-bedroom units respectively.

Land prices in Syokimau have shot up after the dualling of Mombasa Road and the ongoing construction of a commuter rail network, with a terminus being built at the neighbourhood. Stima Investments was registered in 2005 with one of the objectives being to invest in real estate both for rental and sale to members and the public.

The co-op has engaged in various projects in the past such as developing the Stima Investments Plaza whose expansion was completed in June 2011. The fully occupied commercial building is its main income earner. Besides real estate development, the co-operative society engages in buying bulk land across the country, subdividing and selling it off to its membership of over 4,000.

- See more at: http://www.the-star.co.ke/news/article-5310/stima-investments-loan-deal-housing#sthash.kc29Czu1.dpuf

Stima Investment Co-operative Society has signed loan agreement with Shelter Afrique

Stima Investment Co-operative Society has signed loan agreement with Shelter Afrique to co-finance the development of a housing estate at Syokimau for sale. The Sh395 million loan will go into the construction of houses and related infrastructure at the development dubbed Stima Village, according to Shelter Afrique.

Stima Investments broke the ground in July for actual construction. The housing units, which sit of a five-acre plot, add up to 76 luxury maisonettes of which 40 are three-bedroom and 36 four-bedroom. Provisional prices for the houses have been pegged at Sh9.2 million and Sh9.85 million for the two- and three-bedroom units respectively.

Land prices in Syokimau have shot up after the dualling of Mombasa Road and the ongoing construction of a commuter rail network, with a terminus being built at the neighbourhood. Stima Investments was registered in 2005 with one of the objectives being to invest in real estate both for rental and sale to members and the public.

The co-op has engaged in various projects in the past such as developing the Stima Investments Plaza whose expansion was completed in June 2011. The fully occupied commercial building is its main income earner. Besides real estate development, the co-operative society engages in buying bulk land across the country, subdividing and selling it off to its membership of over 4,000...Read more

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